BASIC Act

Hozzl · 2023-12-15T15:53:39Z

Explore the details of House Bill 362 BASIC Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Economics and Public Finance. Stay informed on legislative developments.

12/15/2023, 3:53 PM

Summary of Bill HR 362

The BASIC Act, also known as Bill 118 hr 362, is a piece of legislation introduced in the US Congress. The purpose of this bill is to establish a program within the Department of Education that focuses on providing financial literacy education to students in elementary and secondary schools.

The BASIC Act aims to ensure that students are equipped with the necessary knowledge and skills to make informed financial decisions throughout their lives. The program established by this bill would include curriculum development, teacher training, and resources for schools to implement financial literacy education.

Additionally, the BASIC Act seeks to promote partnerships between schools, financial institutions, and community organizations to enhance the effectiveness of financial education programs. The bill also emphasizes the importance of incorporating technology and innovative teaching methods to engage students in learning about financial literacy. Overall, the BASIC Act is designed to address the need for improved financial education in schools and to empower students to make sound financial decisions in the future. It is a bipartisan effort to support the financial well-being of young people and promote economic stability in the United States.

Congressional Summary of HR 362

Budgetary Accuracy in Scoring Interest Costs Act of 2023 or the BASIC Act

This bill requires cost estimates prepared by the Congressional Budget Office or the Joint Committee on Taxation to include the costs of servicing the public debt.

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Current Status of Bill HR 362

Bill HR 362 is currently in the status of Bill Introduced since January 13, 2023. Bill HR 362 was introduced during Congress 118 and was introduced to the House on January 13, 2023. Bill HR 362's most recent activity was Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of January 13, 2023

Bipartisan Support of Bill HR 362

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 362

Primary Policy Focus

Economics and Public Finance

Potential Impact Areas

- Budget deficits and national debt

- Budget process

Alternate Title(s) of Bill HR 362

BASIC Act

Budgetary Accuracy in Scoring Interest Costs Act of 2023

To amend the Congressional Budget Act of 1974 to provide that any estimate prepared by the Congressional Budget Office or the Joint Committee on Taxation shall include costs relating to servicing the public debt, and for other purposes.